Petroleum prices head higher as inventories tighten further

Petroleum Prices Head Higher as Inventories Tighten Further

RMI Supply

Petroleum prices edged higher this week. Crude oil peaked mid-week closing at $83.87 per barrel on the New York Mercantile Exchange on Wednesday but dropped back $2 to $81 during trading on Thursday. Gasoline prices followed the rally of crude oil increasing $0.072 per gallon over last week, according to…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


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